Develop and write project cost management plan

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Reference no: EM133668508

Assessment Detail

Topic - Casino station upgrade

This assessment is designed to assess students' technical skills in planning and communicating a project plan effectively. select a project case (either from the provided links to the real-life projects or a project case of their's choice). The selected project (either ongoing or already completed) is to be assumed to be in final stage of Initiation, with either a signed off Project charter or in the stage of getting the approval of the Project charter. Students' are required to create the scope management plan, schedule management plan and cost management plan for their project. This report should include an introduction to the project case, a stakeholders' register, and a brief project charter.

The Scope management needs to include project justification, in-scope and out-of-scope, constraints, Limits, assumptions, technical requirements and statement of work (SOW). WBS structure (minimum of three levels), WBS dictionary, work packages, scope verification and validation methods, scope change control, and designing the change control boards (CCB) and roles and responsibilities.

Working with their , students will write a schedule management plan that includes processes, tools and techniques to be used and documents to be developed as per your client's requirements, define activities (activity list, proper activity logic, activities identification), milestones list, activities sequence, relationships, project network and critical path(s) using MOST likely estimates of activity duration, roles and responsibilities in scheduling, and monitoring and controlling schedule (EVA relevant to project schedule). Provide a description of the methods and tools. The PERT section to be included and should demonstrate how the process from most likely, optimistic, and pessimistic duration to project probabilities have been implemented. You need to indicate most likely, optimistic, and pessimistic durations for each activity and calculate the activity expected times for all activities. Refer Marking rubric for detailed requirements including calculation of Project expected time (TE) using activity expected times and CPM along with calculation of activity standard deviations.
Using your project planning and scheduling skills and utilising the provided excel templates, you are required to develop a schedule plan and develop schedule baseline using the activity expected time (tE).

Students are also require to develop and write project cost management plan that includes: plan cost management (identify processes, tools and techniques to be used and project documents to be developed as per your client's requirements), define cost elements (labour, material, variable cost), identify types of cost (direct, indirect, fixed, variable), determine the estimating method (s): (top- down, bottom-up), use estimating techniques (analogous, parametric, three-point method) to estimatebudget (creation) and establish time-phased budget, provide a discussion on monitoring and controlling cost (EVA relevant to project cost including forecasting and variances), and establish a cost baseline.

The prescribed textbook and PMBOK are the main reference along with the recommended reading material..

Assessments Conditions of Using AI
Please refer to conditions of using AI in your assessment provided in the Academic Integrity Module in the page titled Generative AI: Guidelines for Students.

The assessment will be marked out of 100 and will be weighted 30% of the total unit mark. The marking criteria and rubric are shown on the following page.

Outline for project management plan

1. Introduction
• Background of project
• Project justification (Reasons behind the project)
• Constraints (Limitation of project execution)
• Objectives (Goals of the project)

2. Scope management plan
• Processes, tools, and techniques
• Documents
• Roles and responsibilities
• WBS structure
• Scope change control

3. Schedule management plan
Processes, tools, and techniques
Documents
Roles and responsibilities
Activity duration estimation
Schedule baseline
Monitoring and controlling

4. Cost Management Plan
Processes, tools, and techniques
Documents
Roles and responsibilities
Estimating methods
Cost elements
Contingency reserves
Monitoring and controlling

5. Conclusion

6. References

Reference no: EM133668508

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len3668508

4/1/2024 3:47:53 AM

This is the topic from the link - Casino station upgrade One request please make sure all the points are covered and if there is anything to ask please let me know, this is very important assignment

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